iMocha, a digital skills assessment platform based in Pune, has raised $14 million in a new funding round to expand its skill library, reach more global enterprises, and expand its HR-tech ecosystem partnerships.
The new Series A round was led by Bermuda-based Eight Roads Ventures and existing investors Upekkha and Better Capital. Aditya Systla (Eight Roads Ventures) and Prasanna Krishnamoorthy (Upekkha) will join iMocha’s board of directors as a result of this, according to the statement.
The startup had previously raised $600,000 in a seed round led by Anand Chandrasekaran and Girish Mathrubootham, CEO of Freshworks, in August 2020.
Incepted in 2015, iMocha helps talent acquisition and management teams to assess individual skill proficiency and conduct job-role-based assessments for recruitment and learning. The startup counts Capgemini, Coupa, Ericsson, Fujitsu, as top enterprise customers.
“Without a skill assessment platform to help measure and scale their talent pool, businesses will quickly lose out on talented team members. At iMocha, we’ve built the broadest and deepest technology skills library in the world with measurable outcomes,” said Amit Mishra, co-founder & CEO at iMocha.
According to Sujit Karpe, Co-Founder & CTO at iMocha, By 2025, 50% of the world’s workforce will have to upskill to next-gen digital skills. And by 2030, 60% of the skills required to perform enterprise roles will be different, making ‘skills’ the new currency for staying relevant and competitive. “Because of our innovation and most importantly, our ability to create a skill-fit market, numerous Fortune 500 and global enterprises entrust us with their skills assessment and benchmarking needs,” Sujit adds.
iMocha has over 2,000 assessment modules across coding, data science, AI, ML, cybersecurity, RPA, enterprise applications, cloud computing, storage, network, infrastructure management, application development, and banking, among other specialisations, with offices in India and the United States.
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